U.S. Capital Wealth Advisors LLC Has $2.95 Million Stock Position in Prologis, Inc. $PLD

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Prologis, Inc. by 22.0% during the second quarter, with holdings valued at $2.95 million after acquiring an additional 5,052 shares.
• Prologis announced a quarterly dividend of $1.01 per share, which will be paid on September 30th, representing a 3.5% dividend yield.
• Equities analysts have assigned an average target price of $122.58 for Prologis, with ratings ranging from Strong Buy to Hold, reflecting positive future growth expectations.

U.S. Capital Wealth Advisors LLC increased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 22.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,042 shares of the real estate investment trust's stock after acquiring an additional 5,052 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Prologis were worth $2,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alley Investment Management Company LLC boosted its holdings in shares of Prologis by 102.8% during the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust's stock worth $12,111,000 after buying an additional 54,914 shares in the last quarter. Jump Financial LLC bought a new position in shares of Prologis in the 1st quarter worth $2,120,000. First Citizens Bank & Trust Co. lifted its holdings in shares of Prologis by 1,451.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust's stock worth $3,486,000 after purchasing an additional 29,170 shares in the last quarter. Truist Financial Corp raised its position in Prologis by 9.3% in the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust's stock valued at $33,232,000 after buying an additional 25,229 shares during the last quarter. Finally, Ally Financial Inc. raised its position in Prologis by 16.7% in the 1st quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust's stock valued at $3,130,000 after buying an additional 4,000 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Scotiabank set a $114.00 price target on Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Evercore ISI increased their price target on Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a research report on Sunday, July 13th. Finally, UBS Group raised their target price on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and an average target price of $122.58.

Prologis Stock Performance

Shares of PLD opened at $114.15 on Tuesday. The company has a market cap of $105.96 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.87 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $109.95 and a 200-day moving average price of $107.50. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.65.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is 109.49%.

Insider Transactions at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares of the company's stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.

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